Gifts-in-kind, GIK, in-kind, non-cash, call it what you may, the reporting principles surrounding non-financial assets such as donated goods and services have eternally been silent. This silence has led to substantial diversity in practice in the nonprofit accounting community, which has resulted in financial statements that lack comparability and consistency. Until now. In September of […]
Nonprofit Need to Know: Changes to GIK Presentation & Disclosure Requirements
By Stacey Bergman 0 on Nonprofit Need to Know: Changes to GIK Presentation & Disclosure Requirements